Question: answer with all work shown asap pls no excel Loan being repaid with level annual payments of R dollars every February 20th. Interest paid in
answer with all work shown asap pls no excel
Loan being repaid with level annual payments of R dollars every February 20th. Interest paid in the February 20, 2018 payment was $1,478.00 , and interest paid in the February 20, 2019 payment was $1,377.18 . Annual effective rate of interest on the loan is 8.25%. Find R and round to nearest cent.
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